2023-10-30T13:07:13-05:00 2022-12-31 450250958 EIDE BAILLY LLP 18081 BURT ST STE 200 OMAHA NE 680224722 990 2022-01-01 470399855 COUNCIL OF INDEPENDENT NEBRASKA COLLEGES FOUNDATION COUN 4023391660 1036 BRUIN BLVD 110 BELLEVUE NE 68005 STEVEN K RITZMAN TREASURER 4023391660 2023-10-27 1 STEVEN RITZMAN 999009999 1 MEGAN L KOZIOL CPA P01544037 4023302660 2023-10-27 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X TREVA HAUGAARD 1036 BRUIN BLVD 110 BELLEVUE NE 68005 1199450 0 X WWW.CINCFOUNDATION.ORG X 1953 NE TO ENHANCE, PROMOTE AND SOLICIT SUPPORT FOR FOUNDATION MEMBERS AND NEBRASKA INDEPENDENT COLLEGES. 33 33 5 36 0 0 408499 290118 296400 296400 284935 174804 3660 1144 993494 762466 0 0 512269 447148 215730 234995 0 0 136283 84951 94310 812950 776453 180544 -13987 5433906 4546835 129906 144987 5304000 4401848 X THE COUNCIL OF INDEPEPENDENT NEBRASKA COLLEGES FOUNDATION EXISTS TO PROVIDE OPERATING FUNDS AND SCHOLARSHIP SUPPORT FOR STUDENTS ATTENDING NEBRASKA'S INDEPENDENT INSTITUTIONS OF EXCELLENCE. 0 0 508534 297544 PROVIDE FINANCIAL, OPERATING, AND SCHOLARSHIP SUPPORT FOR INDEPENDENT COLLEGES AND UNIVERSITIES IN NEBRASKA.(A) TO ENHANCE AND PROMOTE INDEPENDENT, NOT-FOR-PROFIT HIGHER EDUCATION IN NEBRASKA;(B) TO BE A COLLECTIVE VOICE FOR EXCELLENCE AND CHOICE IN HIGHER EDUCATION FOR ALL STUDENTS;(C) TO CONDUCT PUBLIC POLICY ADVOCACY THAT HELPS FURTHER ACHIEVEMENT OF CORPORATION'S CHARITABLE PURPOSES AND MISSION;(D) TO GATHER AND DISSEMINATE INFORMATION AND RESERACH ABOUT THE PERFORMANCE AND CONTRIBUTIONS OF THE INDEPENDENT, NOT-FOR-PROFIT COLLEGES AND UNIVERSITIES IN THE STATE OF NEBRASKA;(E) TO BE A SOURCE OF SUPPLEMENTAL FINANCIAL SUPPORT FOR STUDENTS OF THE MEMBERS;(F) TO EXPLORE AND ASSIST WITH CONSORTIUM GRANT APPLICATIONS FOR MEMBERS TO ADVANCE THEIR MISSIONS; AND(G) TO EXPLORE AND ASSIST IN DEVELOPING COLLABORATIVE SERVICES, SUCH AS GROUP PURCHASING OR SHARED SERVICES AMONG MEMBERS. 508534 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X CONNIE NIHSEN 4023391660 1036 BRUIN BLVD SUITE 110 BELLEVUE NE 68005 GREGORY R HOHL CHAIR 1.50 0.00 X X 0 0 0 DR DARRIN GOOD VICE CHAIR 1.50 0.10 X X 0 0 0 JODY HORNER SECRETARY 1.50 0.10 X X 0 0 0 STEVEN K RITZMAN TREASURER 1.50 0.00 X X 0 0 0 GREG ANDERSEN DIRECTOR 1.50 0.00 X 0 0 0 BERNARD BULL DIRECTOR 1.50 0.10 X 0 0 0 GARY PACK DIRECTOR 1.50 0.10 X 0 0 0 MARY CHASE DIRECTOR 1.50 0.00 X 0 0 0 MARK CHRISTENSEN DIRECTOR 1.50 0.00 X 0 0 0 JOHN DEBOER DIRECTOR 1.50 0.00 X 0 0 0 LARRY DLUGOSH DIRECTOR 1.50 0.00 X 0 0 0 KEITH EDQUIST DIRECTOR 1.50 0.00 X 0 0 0 BRADLEY EKWEREKWU DIRECTOR 1.50 0.00 X 0 0 0 ED FINAN DIRECTOR 1.50 0.00 X 0 0 0 WILLIAM HARGENS DIRECTOR 1.50 0.00 X 0 0 0 MARY HAWKINS DIRECTOR 1.50 1.00 X 0 0 0 DANIEL HENDRICKSON SJ DIRECTOR 1.50 0.10 X 0 0 0 ROGER HUGHES DIRECTOR 1.50 0.10 X 0 0 0 STEVEN JOEKEL DIRECTOR 1.50 0.00 X 0 0 0 DAN KNIGHT DIRECTOR 1.50 0.00 X 0 0 0 RANDALL KOSKI DIRECTOR 1.50 0.00 X 0 0 0 RICHARD LLOYD DIRECTOR 1.50 1.00 X 0 0 0 KRISTI NOHAVEC DIRECTOR 1.50 0.00 X 0 0 0 ADAM POST DIRECTOR 1.50 0.00 X 0 0 0 CAROLYN ROOKER DIRECTOR 1.50 0.00 X 0 0 0 VINITA SAUDER DIRECTOR 1.50 0.10 X 0 0 0 MONTE SCHATZ DIRECTOR 1.50 0.00 X 0 0 0 SAMUEL SMITH DIRECTOR 1.50 1.00 X 0 0 0 MARYANNE STEVENS RSM DIRECTOR 1.50 1.00 X 0 0 0 DR DEB CARLSON DIRECTOR 1.50 0.10 X 0 0 0 ZAC HOLOCH DIRECTOR 1.50 0.00 X 0 0 0 ANDREIA NEBEL DIRECTOR 1.50 0.00 X 0 0 0 BRYAN SHANK DIRECTOR 1.50 0.00 X 0 0 0 KRISTIE HOLTHUS HOLOCH DIRECTOR THRU 3/2022 1.50 0.00 X 0 0 0 KIRK JAMISON DIRECTOR THRU 4/2022 1.50 0.00 X 0 0 0 MEGAN WICKLESS-MULDER DIRECTOR THRU 3/2022 1.50 0.00 X 0 0 0 TREVA HAUGAARD EXECUTIVE DIRECTOR 40.00 4.00 X 120000 0 3708 120000 0 3708 1 0 0 0 0 17475 272643 290118 MEMBER ASSESSMENTS 900099 296400 296400 296400 79809 79809 531979 436984 94995 94995 94995 MISCELLANEOUS REVENUE 900099 1144 1144 1144 762466 297544 0 174804 447148 447148 123708 24742 30927 68039 66051 13210 16513 36328 5460 1092 1365 3003 25265 5053 6316 13896 14511 2902 3628 7981 708 708 8053 8053 21046 21046 17000 17000 1978 791 1187 5566 5566 14657 14657 2065 2065 8494 1699 2123 4672 1669 1669 ASSESSMENT 7475 7475 DELEGATE EXPENSES 3638 3638 DELEGATE TRAVEL EXPENSE 1961 784 1177 776453 508534 131636 136283 121944 162771 507344 544056 0 15000 0 5966 5978 4738 4798640 3814304 5433906 4546835 84306 122187 45600 22800 129906 144987 X 1430920 348212 3873080 4053636 5304000 4401848 5433906 4546835 -13987 -888165 0 X X 1 X 0 1 0 X X 13 HASTINGS COLLEGE 470376525 2 0 31857 0 BELLEVUE UNIVERSITY 470491571 2 0 37457 0 UNION COLLEGE 470405319 2 0 31857 0 YORK UNIVERSITY 470418641 2 0 33457 0 BRYAN COLLEGE OF HEALTH SCIENCES 510179556 2 0 30057 0 CLARKSON COLLEGE 363649217 2 0 30057 0 COLLEGE OF SAINT MARY 470424785 2 0 50857 0 CONCORDIA UNIVERSITY 470378777 2 0 33069 0 CREIGHTON UNIVERSITY 470376583 2 0 31856 0 DOANE UNIVERSITY 470377991 2 0 32856 0 MIDLAND UNIVERSITY 470376551 2 0 31856 0 NEBRASKA METHODIST COLLEGE 470724387 2 0 40056 0 NEBRASKA WESLEYAN UNIVERSITY 470376524 2 0 31856 0 13 447148 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, PART IV, SECTION A, LINE 1: ALTHOUGH NOT SPECIFICALLY NAMED IN THE ORGANIZATION'S GOVERNING DOCUMENTS, SUPPORT IS ONLY PROVIDED TO MEMBER ORGANIZATIONS. MEMBERSHIP SHALL BE LIMITED TO ORGANIZATIONS THAT MEET ALL OF THE FOLLOWING: (A) COLLEGES AND UNIVERSITIES CHARTERED, INCORPORATED, LOCATED AND PRIMARILY ENGAGED IN EDUCATION IN THE STATE OF NEBRASKA THAT ARE UNDER INDEPENDENT CONTROL AND NOT STATE CONTROL; (B) COLLEGES AND UNIVERSITIES THAT ARE EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE; (C) COLLEGES AND UNIVERSITIES PROVIDING AND OFFERING RECOGNIZED BACCALAUREATE DEGREES; (D) COLLEGES AND UNIVERSITIES INSTRUCTING STUDENTS IN A RANGE OF SUBJECTS AND OFFERING DEGREE PROGRAMS THAT ARE REGIONALLY ACCREDITED BY THE HIGHER LEARNING COMMISSION; (E) COLLEGES AND UNIVERSITIES THAT ARE MEMBERS OF CINC, A NEBRASKA NONPROFIT CORPORATION; (F) COLLEGES AND UNIVERSITIES WHOSE MEMBERSHIP APPLICATIONS HAVE BEEN APPROVED BY AN AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE PRESIDENTS BOARD; AND (G) COLLEGES AND UNIVERSITIES THAT TIMELY PAY ANY AND ALL MEMBERSHIP DUES ASSESSED BY THE CORPORATION, FROM TIME TO TIME. SCHEDULE A, PART IV, SECTION D, LINE 3: SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN THE ORGANIZATION'S INVESTMENT POLICIES AS THEY ARE REPRESENTED ON THE BOARD OF DIRECTORS. SCHEDULE A, PART IV, SECTION E, LINE 2A: THE ORGANIZATION'S ACTIVITIES DIRECTLY FURTHER THE EXEMPT PURPOSE OF THE SUPPORTED ORGANIZATIONS BY RAISING FUNDS AND MANAGING PERMANENT ENDOWMENTS TO PROVIDE INVESTMENT INCOME FOR DISTRIBUTION TO MEMBERS. THE MEMBERS USE THESE FUNDS TO PROVIDE SCHOLARSHIPS TO STUDENTS. THE ORGANIZATION ALSO PERFORMS FUNCTIONS TO PROMOTE ENROLLMENT IN INDEPENDENT COLLEGES AND UNIVERSITIES IN NEBRASKA WHICH IN TURN ALLOW THE SUPPORTED ORGANIZATIONS TO CONTINUE TO PROVIDE A SECONDARY EDUCATION OPTION TO POTENTIAL STUDENTS. SCHEDULE A, PART IV, SECTION E, LINE 2B: THE SUPPORTED ORGANIZATIONS WOULD STILL BE INVOLVED WITH ALL ACTIVITIES OF THE ORGANIZATION BUT FOR THE ORGANIZATION'S INVOLVEMENT. THE SUPPORTED ORGANIZATIONS WOULD PROVIDE SCHOLARSHIPS TO STUDENTS AND PROMOTE ENROLLMENT IN INDEPENDENT COLLEGES AND UNIVERSITIES IN NEBRASKA, BUT THEY WOULD NOT HAVE A CENTRALIZED AGENCY TO ORGANIZE THOSE ACTIVITIES AND MAXIMIZE THE IMPACT MADE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3873080 55666 162072 37182 4053636 3619703 181160 218300 146083 3873080 3576646 43057 3619703 3546565 69147 39066 3576646 3465705 10950 76957 7047 3546565 0.00000 1.00000 0.00000 0 0 0 PART V, LINE 4: ENDOWMENT FUNDS ARE USED BY THE ORGANIZATION TO GENERATE INVESTMENT INCOME FOR DISTRIBUTION TO MEMBER COLLEGES AND UNIVERSITIES TO OFFSET THEIR OPERATING EXPENSES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP SHALL BE LIMITED TO ORGANIZATIONS THAT MEET ALL OF THE FOLLOWING: (A) COLLEGES AND UNIVERSITIES CHARTERED, INCORPORATED, LOCATED AND PRIMARILY ENGAGED IN EDUCATION IN THE STATE OF NEBRASKA THAT ARE UNDER INDEPENDENT CONTROL AND NOT STATE CONTROL; (B) COLLEGES AND UNIVERSITIES THAT ARE EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE; (C) COLLEGES AND UNIVERSITIES PROVIDING AND OFFERING RECOGNIZED BACCALAUREATE DEGREES; (D) COLLEGES AND UNIVERSITIES INSTRUCTING STUDENTS IN A RANGE OF SUBJECTS AND OFFERING DEGREE PROGRAMS THAT ARE REGIONALLY ACCREDITED BY THE HIGHER LEARNING COMMISSION; (E) COLLEGES AND UNIVERSITIES THAT ARE MEMBERS OF CINC, A NEBRASKA NONPROFIT CORPORATION; (F) COLLEGES AND UNIVERSITIES WHOSE MEMBERSHIP APPLICATIONS HAVE BEEN APPROVED BY AN AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE PRESIDENTS BOARD; AND (G) COLLEGES AND UNIVERSITIES THAT TIMELY PAY ANY AND ALL MEMBERSHIP DUES ASSESSED BY THE CORPORATION, FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER ORGANIZATION IS REPRESENTED ON THE BOARD BY ITS PRESIDENT OR EQUIVALENT PLUS ONE ADDITIONAL TRUSTEE SELECTED BY SUCH MEMBER. TOGETHER THESE TRUSTEES THEN SELECT THE REMAINING TRUSTEES AS AT-LARGE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED BY E-MAIL TO ALL BOARD MEMBERS FOR REVIEW BEFORE FILING. ANY QUESTIONS OR CONCERNS ARE ADDRESSED BY THE TREASURER AND EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REQUIRES EACH DIRECTOR AND ADMINISTRATIVE OFFICER ANNUALLY (A) TO BE FAMILIAR WITH THE TERMS OF THE CONFLICT OF INTEREST POLICY; (B) TO DISCLOSE TO THE BOARD CHAIR ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT REASONABLY MIGHT GIVE RISE TO A CONFLICT INVOLVING THE FOUNDATION; AND (C) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY. DIRECTORS OR ADMINISTRATIVE OFFICERS WHO HAVE DECLARED A CONFLICT OF INTEREST, OR WHO HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST, SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF PROPOSED TRANSACTIONS UNLESS THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION FOR SPECIAL REASONS. SHOULD A CONFLICT OF INTEREST MATTER REQUIRE AN EXECUTIVE COMMITTEE OR BOARD VOTE TO RESOLVE, THOSE CONCERNED SHALL NOT BE PRESENT AT THE TIME OF THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF ALL EMPLOYEES IS DETERMINED UNDER TERMS OF INDIVIDUALS EMPLOYMENT CONTRACTS PROPOSED BY THE COMPENSATION COMMITTEE, INCLUDED IN THE BUDGET, AND APPROVED BY THE BOARD OF TRUSTEES. CONTRACTS INCLUDE WAGES AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, FORM 990 AND COMPILED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FOR VIEWING AT ITS OFFICES DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE COMPILATION AND SELECTION OF AN ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CINC DBA COUNCIL OF INDEPENDENT NEBRASKA COLLEGES 1036 BRUIN BLVD SUITE 110 BELLEVUE NE 68005 470652320 FOSTER THE GROWTH AND DEVELOPMENT OF INDEPENDENT COLLEGES AND UNIVERSITIES NE 501(C)(4) COUNCIL OF INDEPENDENT NEBRASKA COLLEGES FOUNDATION 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0